CMS and Mayer Brown have taken the lead in the initial public offering (IPO) of ten-pin bowling operator Hollywood Bowl Group on the London stock exchange. CMS will be advising Hollywood Bowl Group, lead by corporate partners James Parkes and Martin Treagus. They also advised owners Electra Partners in 2014 when it acquired TOBC Racing in a deal worth £91m. Mayer Brown acted as counsel for Investec with a team lead by corporate partner Kate Ball-Dodd.
The IPO comes soon after Hollywood Bowl Group purchased 11 centres at the end of last year, meaning they now have a portfolio of over 50 UK operations. Things are looking positive for the company with revenues up 25 per cent in the last six months.